"Take AI (artificial intelligence). Why couldn't they develop AI that could do Bill Conway's job, even better than he can do it? Could it free us? Could it be a freeing kind of thing, innovation, technology? It can so improve the human condition I think frankly in ways that we don't imagine. I don't even know what they will be. Maybe life expectancy."

AI could be freeing for billionaires, but not for people who've lost their retirement funding and face the specter of job loss.

Suicides also increased significantly, although they do not account for a
large absolute share of deaths. Researchers often include both
unintentional injuries and suicides as related outcomes for people
suffering mental illness and homelessness.

How many people have been cast aside by private equity's focus on greed the last twenty fives as PEUs became ubiquitous?

I have seen so many people -- particularly those in their 50s - 70s -- taken apart by what has happened in their industry as greed has hollowed out the economy.
These are people took pride in their jobs and held themselves to this
invisible standard that we all just took for granted, but is being wiped
out.

The Carlyle Group scares me more than anything I've ever seen on Wall Street. It seems to exist to corrupt politicians and it's hard to know who they even represent.

President Trump's administration is chock full of private equity underwriters so this trend will not reverse soon. The PEU train believes in AI and it may run over lots of jobs before encircles the globe.

Insider Architect of the Implosion

"I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People — powerful people — listen to what they have to say. But insiders also understand one unbreakable rule: They don’t criticize other insiders."--Larry Summers, Ph.D.

Testimonials

The PEU Report is absolutely brilliant and has given me faith that someone out there has noticed what is going on in the world. --Ex-Bloomberg reporter

I really can't say enough how much I enjoy your commentary on PEU. You manage to dig into the details and sum it up in a way that is so succinct and entertaining.-Ex-Bloomberg reporter

When Tim Geithner, the former Treasury secretary, takes over as president of Warburg Pincus, the private-equity firm, even a high-school dropout can discern a pattern.-Another person who noticed